The finalists for Credit Connect’s second annual Credit & Collections Technology Awards 2018, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect, brings together credit and collections technology executives to honour the industry’s leading players across 18 categories. The Technology focused-Awards scheme seeks…
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New research from GoCompare has revealed the £41billion bill for modern goods and services -things that are sapping our finances now, but which most of us wouldn’t have been paying out for just 10 years ago. The comparison site has identified 20 so-called ‘Nouveau Bills’ that are costing UK adults £66 a month or £788 a year…
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Personal Insolvencies for the UK’s under 25s have risen 20% in just a year, from a total of 4,709 in 2016 to 5,640 individuals in 2017, according to new analysis from Moore Stephens. Within the under 25s age bracket, women are more likely to become insolvent than men with 3,175 women going insolvent in 2017…
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European credit management specialist Cabot Credit Management (Cabot), has announced the financial results for the six months ending 30th June 2018. Commenting on the figure Ken Stannard, Chief Executive Officer, Cabot Credit Management, said As Encore announces the completion of its acquisition of the remaining interest in Cabot Credit Management, our company has yet again delivered…
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Latest figures released by UK Finance has shown that mortgage arrears and possessions are continuing to decline. The figures indicate that there were 76,740 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the second quarter of 2018, 8 per cent fewer than in the same quarter of the…
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The total council tax owed in England has risen by 6.6% in the past year. The Ministry of Housing, Communities & Local Government figures show that in 2017-18 local authorities collected a total of £28.0 billion in council tax, irrespective of the year to which it related. This was an increase of £1.4 billion, or…
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The number of debt decrees registered against Scottish consumers has risen by 20% during the first half of 2018, according to latest figures released by the Registry Trust. During Q1 and Q2 2018, 13,190 debt decrees were registered against Scottish consumers, 20 percent more than in the first half of 2017. This combined with an…
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In the past two years, government bodies in Northern Ireland accounted for a larger proportion of debt judgments than lenders, according to the latest figures released by Registry Trust. Governmental organisations took to court 34 percent of judgments issued for the top 50 claimants during 2016 and 2017; lenders accounted for 33 percent. Housing organisations…
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Ofgem has chosen Octopus Energy Limited to take on supplying the customers of Iresa, which went out of business last week. The appointment follows a competitive process run by Ofgem to get the best deal possible for Iresa’s customers. Octopus Energy is offering Iresa’s customers its “Flexible Octopus” tariff, which is one of the most competitive…
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Public sector debt collection should not be lagging behind private sector best practice, H&F Ethical Collections said today. H&F Ethical Collections is the joint venture between global credit management firm Intrum and Hammersmith & Fulham Council which was formed in 2017 to reduce the use of bailiffs and improve the treatment of people in debt.…
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The Bank of England has published its latest monthly Money and Credit report showing consumer credit growth remained at 8.8 percent in the year to June 2018. Outstanding balances for consumer credit stand at £213.2 billion. The figures are published days after the Office of National Statistics revealed that British households spent around £900 more…
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FRP Advisory has announced that it has appointed a new Director to join its creditor’s service team. Tony Keehan joins FRP Advisory’s from Baker Tilly Creditor Services, where he was the Manager of the creditor assist team In his new role, Keehan will be working within a team of five and alongside Paul Atkinson, Insolvency Practitioner and…
Read moreThe Insolvency has published the latest personal insolvency figures for England and Wales which indicate that total individual insolvencies continued to increase in Q2 2018, reaching the highest quarterly level since Q1 2012. The Insolvency Service says that this was driven by increases in individual voluntary arrangements (IVAs), which reached a record high, and debt…
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